Express Scripts Earns $1.22 per Share

Express Scripts (ESRX) just reported Q1 earnings of $1.22 per share which matched Wall Street’s expectations.

The following compares first quarter 2016 and 2015 operating results:

Adjusted claims of 323.5 million, up 5% – See Table 1

EBITDA of $1,460.0 million, down 3% from 2015 adjusted EBITDA – See Table 3

EBITDA per adjusted claim of $4.51, down 8% from 2015 adjusted EBITDA per adjusted claim – See Table 3

GAAP net income of $526.1 million, up 19%

Adjusted net income of $791.4 million, down 2% – See Tables 5 and 5A

GAAP diluted earnings per share of $0.81, up 35%

Adjusted diluted earnings per share of $1.22, up 11% – See Table 4

Net cash flow provided by operating activities of $751.2 million, up 167%

ESRX also raised guidance:

The Company increased 2016 adjusted earnings per diluted share guidance from a range of $6.10 to $6.28 to a range of $6.31 to $6.43. The guidance range represents growth of 14% to 16% over 2015. Consistent with 2015, the Company expects revenues related to a large client contract will be realized in the second quarter due to the structure of the contract. Additional details on this guidance can be found in Table 6 including items excluded from this range.

For Q2, Express expects earnings to range between $1.55 and $1.59. Wall Street had been expecting $1.57 per share.

Posted by on April 25th, 2016 at 4:15 pm


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